Analyzing recent price action, three altcoins stand out for their potential to move significantly over the coming days. 3 key patterns are evident:
**1. Solana (SOL): Break Out or Pull Back?**
Solana’s price is approaching a key resistance zone around $176. Historical data shows this has been a significant turning point, prompting multiple rejections and supports. This suggests a breakout could signal new bull runs, but failure to break above might lead to another dip.
* **What to Watch:** A decisive close above $176 with high trading volume indicates the strength of a breakout.
**2. SUI: Potential Pullback on the Horizon**
SUI has flashed a sell signal on the 3-day chart, signaling potential weakness in momentum and a possible pullback after recent gains.
* **What to Watch:** The price action near $3.70–$3.90 will be crucial. A break below this zone could accelerate the decline.
**3. Sonic (S): Critical Support Level Under Pressure**
Sonic is facing a critical test at the $0.50 support level, which has been crucial in recent trading sessions. However, downward pressure is increasing as price action tests its limits.
* **What to Watch:** A daily candle close below $0.50 would signal a bearish trend and confirm further weakness.
**Conclusion**
This week offers various technical opportunities for traders seeking breakout plays with Solana (SOL), short-term reversals in SUI, or support plays in Sonic.
To navigate volatility effectively, combine these insights with market sentiment, volume, and risk management strategies.